EPCELEK: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
EPCELEK
Largest movements
- Cash +€12,088
up €12,088 (+149%), from €8,129 to €20,217
mainly Net result for the year (+€8,538) and Other debts (+€1,961)
- Tangible fixed assets -€1,068
down €1,068 (-25.1%), from €4,246 to €3,178
of which Furniture and vehicles: -€640
- Deferred charges and accrued income +€428
new in 2025: €428
- Profit (loss) carried forward +€4,871
up €4,871, from -€4,871 to €0
- Reserves +€3,667
new in 2025: €3,667
- Other debts +€1,961
up €1,961 (+13.4%), from €14,594 to €16,555
- Tax, wage and social debts +€1,375
new in 2025: €1,375
- Trade debts -€699
down €699 (-96.2%), from €727 to €28
- Gross operating margin +€15,747
up €15,747, from -€4,234 to €11,513
- Taxes +€1,375
new in 2025: €1,375
- Depreciation +€831
up €831 (+351%), from €237 to €1,068
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,000 | €25,245 | +€11,245 | +80.3% |
| Fixed assets | 21/28 | €4,246 | €3,178 | -€1,068 | -25.1% |
| Tangible fixed assets | 22/27 | €4,246 | €3,178 | -€1,068 | -25.1% |
| Plant, machinery and equipment | 23 | €1,195 | €767 | -€428 | -35.8% |
| Furniture and vehicles | 24 | €3,051 | €2,411 | -€640 | -21.0% |
| Current assets | 29/58 | €9,754 | €22,067 | +€12,313 | +126% |
| Amounts receivable within one year | 40/41 | €1,625 | €1,422 | -€203 | -12.5% |
| Trade receivables | 40 | - | €1,183 | +€1,183 | |
| Other amounts receivable | 41 | €1,625 | €239 | -€1,386 | -85.3% |
| Cash at bank and in hand | 54/58 | €8,129 | €20,217 | +€12,088 | +149% |
| Deferred charges and accrued income | 490/1 | - | €428 | +€428 | |
| Total equity and liabilities | 10/49 | €14,000 | €25,245 | +€11,245 | +80.3% |
| Equity | 10/15 | -€1,321 | €7,217 | +€8,538 | |
| Contributions | 10/11 | €3,550 | €3,550 | = | 0.0% |
| Reserves | 13 | - | €3,667 | +€3,667 | |
| Distributable reserves | 133 | - | €3,667 | +€3,667 | |
| Profit (loss) carried forward | 14 | -€4,871 | €0 | +€4,871 | |
| Amounts payable | 17/49 | €15,321 | €18,028 | +€2,708 | +17.7% |
| Amounts payable within one year | 42/48 | €15,321 | €18,028 | +€2,708 | +17.7% |
| Financial debts | 43 | - | €70 | +€70 | |
| Credit institutions | 430/8 | - | €70 | +€70 | |
| Trade debts | 44 | €727 | €28 | -€699 | -96.2% |
| Suppliers | 440/4 | €727 | €28 | -€699 | -96.2% |
| Taxes, remuneration and social security | 45 | - | €1,375 | +€1,375 | |
| Taxes | 450/3 | - | €1,375 | +€1,375 | |
| Other amounts payable | 47/48 | €14,594 | €16,555 | +€1,961 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237 | €1,068 | +€831 | +351% |
| Other operating charges | 640/8 | €405 | €473 | +€68 | +16.9% |
| Gross operating margin | 9900 | -€4,234 | €11,513 | +€15,747 | |
| Operating profit (loss) | 9901 | -€4,876 | €9,972 | +€14,848 | |
| Financial income | 75/76B | €15 | €0 | -€15 | -100% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -100% |
| Financial charges | 65/66B | €10 | €60 | +€50 | +495% |
| Recurring financial charges | 65 | €10 | €60 | +€50 | +495% |
| Profit (loss) for the period before taxes | 9903 | -€4,871 | €9,913 | +€14,783 | |
| Income taxes | 67/77 | - | €1,375 | +€1,375 | |
| Profit (loss) for the period | 9904 | -€4,871 | €8,538 | +€13,408 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,871 | €8,538 | +€13,408 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.